The market study covers the present scenario and growth prospects of the
global surgical
microscopemarketfor 2017-2021. The report also
lists hospitals and ASCs as the two major end-user segments, of which
hospitals accounted for close to 79% of the market share in 2016.

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global surgical microscope market:

Increase in applications of surgical microscopes

Increasing adoption of MI procedures

Increased funding for R&D

Increase in applications of surgical microscopes

In recent years, the applications of surgical microscopes have
grown immensely. Surgical microscopes have been used in applications,
such as orthopedic,
neurosurgery, plastic surgery, and hand surgery. With the increase in
applications, there is a parallel emphasis on the specialization of
surgical microscopes as the requirement varies from one application to
another. These wide-ranging microscopes come in different mounting
options, including wall, high wall, ceiling, floor, and table mount that
can be chosen based on the user’s convenience. Thus, with the growing
number of applications, it is likely that the growth prospects of the
market will grow as they have opened new avenues for the manufacturers
in the market.

Increasing adoption of MI procedures

Surgical microscopes are increasingly used in MI procedures due to
advantages, such as their ability for precision location of target area
during surgeries. For example, the surgical microscope is known to
provide exceptional magnification and illumination during MI
spine procedures.

“The development and integration of surgical microscopes is a great
boon to the healthcare industry as it helps minimize bleeding and
surrounding muscle and tissue damage, due to the precision offered by
magnification and illumination during a procedure. This is likely to
escalate the growth prospects of surgical microscopes for MI
procedures, considering that there is a drastic shift from invasive
to minimally invasive surgeries,” says Amber Chourasia, a lead
analyst at Technavio for lab
equipmentresearch.

Increased funding for R&D

In recent years, government and private funding for R&D have risen
considerably with an objective to invent new technologies. Research
institutions and companies are on the constant look out for innovating
and creating breakthroughs in various fields. Governments in most
countries have made significant investments in R&D because they expect
long-term benefits from improving the healthcare system.

With several such schemes being promoted in developed countries,
emerging economies, such as India and China are also realizing the
potential growth of the microscope market with the development of
specific microscopes such as dental operating microscope or ophthalmic
microscope.

“There will be high investments for the development and introduction
of advanced microscopy instrumentation and research equipment that will
trigger revolutionary changes in the global surgical microscopes
market,” says Amber.

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About Technavio

Technaviois a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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at media@technavio.com.